Trump names hedge fund manager Scott Bessent as Treasury secretary
ndtv.com —
President-elect Donald Trump has named Scott Bessent, a billionaire hedge fund manager, as his Treasury secretary. Bessent will help implement Trump's economic agenda, which includes tax cuts and tariffs. Bessent, CEO of Key Square Group, has previously advised Trump and supports extending tax cuts and addressing the budget deficit. His role will influence both domestic and international economic policies. Bessent has advocated for tax reform and deregulation to boost growth. He has also defended Trump's trade policies, viewing tariffs as a negotiation tool with trading partners.